Question
Which of the following is the primary purpose of a
Letter of Credit (LC) in trade finance?Solution
A Letter of Credit (LC) is a financial instrument used in international trade to guarantee that a buyer’s payment to a seller will be received on time and for the correct amount. If the buyer fails to make a payment, the bank that issued the LC covers the amount.
Which of the following companies have collaborated to introduce an offline Central Bank Digital Currency payment application on feature phones?
Which global market accounts for 21% of the world’s tuna production, and what is India’s role in it?
Which IPL franchise became the most valuable in 2025 with a valuation of $269 million?
World's largest solar park with a 3000 MWp capacity solar park will be built in which of the following state?
Which company will enhance Norway’s critical financial infrastructure by partnering with BankID BankAxept AS, Norway’s national payment and electron...
What is the newly designated fixed date for celebrating Ayurveda Day?
Akbar's successor, who adopted the title meaning "Conqueror of the World," was?
Persistent Systems has entered into a multi-year strategic collaboration agreement with which company to accelerate the pace of innovation and developme...
Who won 2021 Denmark Open which is a badminton tournament which took place at the Odense Sports Park in Odense, Denmark?
Kadalekai Parishe ’ festival is related to which of the following states?
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